Judge Blocks New Mail Ballot Rules, YouTube Probed By FTC, More

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Bloomberg News Now 8 min 8 speakers 3 chapters transcribed 15 days ago
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Elise Hugh 0:00
Add a little curiosity into your routine with TED Talks Daily, the podcast that brings you a new TED Talk every weekday. In less than 15 minutes a day, you'll go beyond the headlines and learn about the big ideas shaping your future. Coming up, how AI will change the way we communicate, how to be a better leader, and more. Listen to TED Talks Daily, wherever you get your podcast.
Doug Krisner 0:24
News When You Want It, with Bloomberg News Now, I'm Doug Krisner. A federal judge has temporarily blocked the U.S.

What did the federal judge decide about the new mail‑ballot rules?

Doug Krisner 0:30
Postal Service from enforcing key parts of its new restrictions on mail in ballots. This decision delivers the latest setback to President Trump as Republicans defend their slim majority in Congress in the November midterm elections. This order from U.S. District Judge Indira Talwani in Boston pauses rules. Designed to carry out the president's push for more federal control over mail and voting. And this decision follows rapid-fire legal developments in the days since the U.S. Supreme Court lifted an earlier injunction that Taliwani had imposed. This fight could soon return to the justices. The FTC has been investigating whether YouTube violated consumer protection laws. Has been probing YouTube since last year, and it's in the final stages of preparing a potential lawsuit.
Doug Krisner 1:21
This inquiry is looking at whether YouTube violated its own user policies when it banned or demoted content.
Doug Krisner 1:39
only to later have it taken down or have their accounts suspended. The trade war between the US and Canada has produced a new executive order from President Trump. He's renaming Lake Ontario Lake America.
Donald J. Trump 1:53
But they treat us very badly. Canada treats us very badly. People la oftentimes they'll ask me, Who's the worst to deal with on trade? And I said, That's easy, Canada. They are the worst at tra and they they feel entitled and just we can't have the
Doug Krisner 2:08
Now officials from both Canada and the US have rebuffed the move. Prime Minister Mark Carney said the name Ontario has indigenous roots and predates both Canada's Confederation and America's Declaration of Independence. And he said Canadians know that naming reality means calling it Lake Ontario. And New York Governor Kathy Hokel said on social media, her state, which borders the lake, will not comply. Separately today, Canada added 50% tariffs on U.S. made copper wire and wood charcoal to its list of retaliatory tariffs. These goods will replace fish and seafood products, items which have been removed from the list. Now other new items facing a 50% levy include certain U.S. glass-made containers as well as printed pictures and plaster tiles.
Doug Krisner 2:58
Secretary Howard Lutnick weighed in on the trade war, he said Canadian officials walked away from negotiations for political reasons.
Howard Lutnick 3:06
Canada has the best trade deal in the world before we started. We negotiated and can't Canada was going to have the best trade deal in the world. And what happened was that Canada walked away. We had a deal. We shook hands. The president announced it, right? Everybody was positive. Canada made the decision for political purposes. They wanted to walk away.
Doug Krisner 3:27
Letnik went on to say he is expecting Canada to return to the negotiating table after elections in October. That's when Quebec will bring back the issue of the province's secession from Canada. In the US equity market today, tech shares rallied after a blockbuster outlook from NVIDIA. The chipmaker said revenue will grow by seventy percent next fiscal year, hears Bloomberg's Ian King.
Ian King 3:52
What they did was give an extremely detailed breakdown of all of the commitments that they've made, whether it's commitments to future supply, whether it's kind of loan guarantees, whether it's helping out with the new build with the build of data centers, and they just spelled it all out. And the bottom line they said was like, look In the gen in the grand scheme of things, if you believe uh in our growth and where we're going to be, this is
Doug Krisner 4:18
That was Bloomberg Zan King. Today shares in NVIDIA were up eight point seven percent, and that gain added four hundred forty-two billion dollars to NVIDIA's market value.

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